Evercore ISI raised the firm’s price target on United Airlines (UAL) to $135 from $85 and keeps an Outperform rating on the shares. Across the firm’s airlines and lodging coverage, the analyst believes the post-election demand pickup was “quicker and stronger vs. initial expectations” and that the compressed period between Thanksgiving and peak Holidays, combined with a dose of late-year corporate travel, also likely contributed to stronger outcomes, says the analyst as the firm adjusting airline estimates and rolling its price targets to a 2026 basis.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
